AEGSX — Invesco European Growth Fund
Data updated: 2026-09-28
AEGSX — Invesco European Growth Fund. Developed ex-US Large Cap Blend / Core Financials Equity · $949.79M AUM. Holdings, fees, performance and SEC filings.
AEGSX Fund Overview
AEGSX — Invesco European Growth Fund is a US mutual fund managed by Aim International Mutual Funds (invesco International Mutual Funds), categorised as Developed ex-US Large Cap Blend / Core Financials Equity. ABC INVEST provides holdings, performance, costs, cashflows, risk data, prospectus documents and SEC filings, sourced from SEC filings.
- Type: US mutual fund
- Manager: Aim International Mutual Funds (invesco International Mutual Funds)
- Category: Developed ex-US Large Cap Blend / Core Financials Equity
- Assets under management: $949.79M
- 1-year return: 34.7%
- Ticker: AEGSX
- SEC CIK: 0000880859
- SEC series ID: S000000227
- Share class ID: C000188849
AEGSX Investment Objective and Strategy
Invesco European Growth Fund describes its objective and strategy as follows, from its latest prospectus filed with the SEC by Aim International Mutual Funds (invesco International Mutual Funds).
Investment objective
The Fund’s investment objective is long-term growth of capital.
Principal investment strategy
The Fund invests, under normal circumstances, at least 80% of its net assets (plus any borrowings for investment purposes) in securities of European issuers, and in derivatives and other instruments that have economic characteristics similar to such securities. The Fund uses various criteria to determine whether an issuer is in Europe, including whether (1) it is organized under the laws of a country in Europe; (2) it has a principal office in a country in Europe; (3) it derives 50% or more of its total revenues from business in countries in Europe; or (4) its securities are trading principally on a security exchange, or in an over-the-counter market, in a country in Europe. The Fund invests primarily in equity securities and depositary receipts. The principal types of equity securities in which the Fund invests are common and preferred stock.
The Fund invests primarily in securities of issuers that are considered by the Funds portfolio managers to have potential for earnings or revenue growth. The Fund may invest in the securities of issuers of all capitalization sizes; and may invest a significant amount of its net assets in the securities of small- and mid-capitalization issuers. The Fund may invest up to 100% of its assets in foreign securities, including up to 35% of its net assets in securities of European issuers located in emerging markets countries, i.e., those that are in the early stages of their industrial cycles. The Fund can invest in derivative instruments, including forward foreign currency contracts and futures contracts. The Fund can use forward foreign currency contracts to hedge against adverse movements in the foreign currencies in which portfolio securities are denominated; though the Fund has not historically used these instruments.
The Fund can use futures contracts to gain exposure to the broad market in connection with managing cash balances or to hedge against downside risk. The portfolio managers employ a disciplined investment strategy that emphasizes fundamental research. The fundamental research primarily focuses on identifying quality growth companies and is supported by quantitative analysis, portfolio construction and risk management. Investments for the portfolio are selected bottom-up on a security-by-security basis. The focus is on the strengths of individual issuers, rather than sector or country trends. The portfolio managers strategy primarily focuses on identifying issuers that they believe have sustainable earnings growth, efficient capital allocation, and attractive prices. The Funds portfolio managers may consider selling a security for several reasons, including when (1) its price changes such that they believe it has become too expensive; (2) the original investment thesis for the company is no longer valid, or (3) a more compelling investment opportunity is identified.
AEGSX Holdings
Top 10 holdings of Invesco European Growth Fund by percentage of net assets, from the fund's latest SEC N-PORT filing.
| Holding | % of net assets |
|---|---|
| Taiwan Semiconductor Manufacturing Co. Ltd. | 4.77% |
| Banco Santander S.A. | 3.76% |
| Banco Bilbao Vizcaya Argentaria S.A. | 3.51% |
| Royal Bank of Canada | 3.17% |
| AIA Group Ltd. | 3.14% |
| Shell PLC | 3.02% |
| Mitsubishi Ufj Financial Group, Inc. | 2.88% |
| Kddi Corp. | 2.85% |
| ArcelorMittal | 2.77% |
| BOC Hong Kong (Holdings) Ltd. | 2.59% |
AEGSX Portfolio Allocation
Asset-class allocation of Invesco European Growth Fund by percentage of net assets, from the latest SEC N-PORT filing.
| Asset class | Allocation |
|---|---|
| Equity | 99.8% |
| Cash & Equivalents | 3.4% |
AEGSX Performance
Total returns for AEGSX (as of 2026-10-01), from SEC filings.
| Period | Total return |
|---|---|
| YTD | 19.4% |
| 1 year | 34.7% |
| 3 years (annualised) | 16.0% |
| 5 years (annualised) | 6.9% |
AEGSX Risk Information
Risk metrics for AEGSX, derived from monthly returns in SEC filings.
- 1-year volatility (annualised): 13.2%
AEGSX Costs and Fees
AEGSX costs about $86 per $10,000 invested per year in fund expenses.
- Net expense ratio: 0.86%
- Gross expense ratio: 0.97%
- Portfolio turnover: 120%
- Brokerage commissions: 16.57 bps of average net assets (SEC N-CEN)
AEGSX Cashflows
Over the 12 months to 2026-07, Invesco European Growth Fund had net inflows of $436.17M, from monthly SEC N-PORT filings.
| Month | Net flow |
|---|---|
| 2026-07 | −$28.64M |
| 2026-06 | −$21.48M |
| 2026-05 | −$5.96M |
| 2026-04 | −$2.94M |
| 2026-03 | −$47.03M |
| 2026-02 | −$21.84M |
AEGSX Debt Constituents
No individual debt constituents are reported in Invesco European Growth Fund's latest SEC N-PORT filing.
AEGSX Prospectus and SEC Filings
Official Invesco European Growth Fund filings on SEC EDGAR — prospectus, portfolio holdings and annual reports.
- Prospectus (485BPOS) — filed 2026-02-27
- Prospectus (485BPOS) — filed 2025-08-22
- Prospectus (485BPOS) — filed 2025-02-28
- Portfolio holdings (N-PORT) — filed 2026-09-28
- Portfolio holdings (N-PORT) — filed 2026-06-26
- Portfolio holdings (N-PORT) — filed 2026-03-30
- Annual census (N-CEN) — filed 2026-01-14
- Annual census (N-CEN) — filed 2025-01-14
Related Funds
Other Developed ex-US Large Cap Blend / Core Financials Equity funds tracked on ABC INVEST:
Data Sources
ABC INVEST compiles this page from public filings made to the U.S. Securities and Exchange Commission (SEC) through EDGAR: portfolio holdings and monthly cashflows from Form N-PORT, expenses and returns from fund prospectuses (Form 485BPOS) and the SEC DERA Risk/Return Summary data sets, annual data from Form N-CEN, and shareholder reports from Form N-CSR.